# Ringgit seen in narrow band ahead of Fed meeting | Adalytica

> The Malaysian ringgit is expected to trade in a narrow band of RM4.07 to RM4.08 per dollar next week. Investors are waiting for the Fed's tone and Chair Powell's press conference after the Oct. 27-28 policy meeting. The ringgit has been trading more on Fed expectations than on local factors.

- Date: 2026-11-01 · published 2026-11-01T18:09:10.887Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/29513-ringgit-seen-in-narrow-band-ahead-of-fed-meeting-adalytica
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Ringgit stability affects the cost of palm oil and other Malaysian commodity exports priced in dollars. A firmer dollar from a hawkish Fed would pressure the ringgit and could shift palm oil export pricing.

## Read by commodity

- USDMYR: neutral
- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2019-01-14 | [Some of world's biggest banks see stronger ringgit in 2019](https://feedsoft.ai/events/61348-some-of-world-s-biggest-banks-see-stronger-ringgit-in-2019.md) | +0.8% | +5.6% |
| PALMOIL | 2023-01-31 | [Local Currency Depreciates Against the Greenback Ahead of Fed’s Meeting (Updated)](https://feedsoft.ai/events/38040-local-currency-depreciates-against-the-greenback-ahead-of-fed-s-meeting-updated.md) | -1.0% | +1.3% |
| PALMOIL | 2019-06-10 | [Ringgit buoyed by external trade and anticipation of Fed rate cut](https://feedsoft.ai/events/58861-ringgit-buoyed-by-external-trade-and-anticipation-of-fed-rate-cut.md) | -1.1% | -3.6% |
| PALMOIL | 2024-01-30 | [State Street says Malaysian ringgit at risk of hitting new low](https://feedsoft.ai/events/32374-state-street-says-malaysian-ringgit-at-risk-of-hitting-new-low.md) | -3.0% | -1.0% |
| PALMOIL | 2023-03-06 | [MYR/USD: Worst for Malaysia Ringgit Seen Over on China Reopening - Bloomberg](https://feedsoft.ai/events/37148-myr-usd-worst-for-malaysia-ringgit-seen-over-on-china-reopening-bloomberg.md) | -5.6% | -9.0% |

## Sources

- adalytica.com: https://adalytica.com/news/ringgit-narrow-band-fed-meeting-e7546bf3

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.